PowerBank Advances Three Community Solar Projects in Nova Scotia

PowerBank Corporation (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: 103) is advancing three community solar projects in Nova Scotia communities of Sydney, Brooklyn, and West Petpeswick. The developments represent a significant step in renewable energy infrastructure for the region, with construction anticipated to begin in spring 2026 pending final interconnection results and financing arrangements according to company announcements available through investor communications.

The combined solar projects will generate 12.4 MW DC of clean energy, producing approximately 14,369 megawatt hours annually. This output is sufficient to power the equivalent of 1,140 homes each year, marking a substantial contribution to Nova Scotia's renewable energy portfolio. The timing aligns strategically with the province's ambitious target of sourcing 80% of its electricity from renewable sources by 2030.

Environmental benefits extend beyond clean energy generation, with the projects expected to reduce carbon dioxide emissions by roughly 10,058 tonnes annually. This reduction equates to removing 3,081 passenger vehicles from Nova Scotia roads each year, representing a meaningful contribution to provincial and national climate goals. The emissions reduction figures highlight how distributed solar infrastructure can deliver measurable environmental improvements at the community level.

Economic impacts for local communities are projected to be substantial, with lifetime savings estimated at $6.95 million across the three project locations. These savings will benefit participating households and businesses through reduced electricity costs while supporting local economic resilience. The community solar model allows multiple participants to share in the benefits of solar generation without requiring individual rooftop installations.

The advancement of these projects demonstrates growing momentum for distributed renewable energy solutions in Atlantic Canada. As a developer specializing in community solar initiatives throughout Canada and the United States, PowerBank's progress in Nova Scotia reflects broader industry trends toward localized energy generation that combines environmental benefits with economic advantages for host communities.

While the projects represent significant forward progress, company disclosures note that construction remains contingent upon final interconnection study outcomes and financing completion. The spring 2026 construction timeline provides a clear development pathway while acknowledging the regulatory and financial considerations inherent in renewable energy project development. The progression of these three projects signals continued expansion of community solar as a viable energy solution for Canadian municipalities seeking renewable alternatives.